If there is a combination of technical and mental factors, you can endure any market.
FX or anything else, the most important thing in trading is
not to make money, but to minimize losses as much as possible; to avoid losing.
If you can endure, you can make money in any market.
To make these practical
a combination of technical analysis and psychology is indispensable
In the first place, technical analysis alone often fails to capture the market's intentions,
and there are quite a few misses.
If you also incorporate psychology
you can sense abnormalities in price ranges intuitively and prevent them from happening.
Some people may think "Liar,"
but as you observe the market over and over, you start to understand it somewhat.
The market forms by breaking and following support and resistance levels,
and that is how the market develops.
In addition, long-term timeframes are also embedded into the price action.
The overall market intricacies continue,
and at weak points a breakout occurs,
and a trend often persists for a long time.
If the psychology is neglected at that time,
it’s easy to overlook things.
The ability to strongly follow the overall market trend is
made more likely by a combination of technical analysis and psychology.
Even if you understand it in words, your body may not move practically.
To elevate that, the concept of combining technical analysis and psychology is
as important as talking about the market itself.
※ For those who want to keep making money in FX, see here ↓
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